FTXM, a financial trading and investment firm, has extended its academy’s offerings to provide complimentary financial education to the Nigerian population amidst the country’s economic challenges.
The company’s official statement highlights its commitment to equipping individuals with the necessary skills to navigate the current global financial instability and secure their…
Dangote cement completes first set of share buy-back
July 23, 2023
Dangote Cement has completed the first tranche of its share buy back programme.
The share buy back programme was announced early July.
In a corporate notice filed on the Nigerian Exchange Limited on Thursday, Dangote Cement said the first tranche commenced on Monday and…
Investors grab N441bn as the stock market rebounds
July 6, 2023
Nigeria’s equity market posted a strong rebound on Wednesday as investors gained N441bn at the close of the day’s trading session.
The All-Share Index went up 1.33 per cent to 61,523.57 points by close of trading, a significant improvement to the previous day’s record…
The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam.
Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.”
“Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read…
The naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies.
This means that the currency appreciated by about 5.9 per cent…
Ondo, Kogi, Rivers lead as inflation hits 22.41%
June 16, 2023
The average prices of goods rose the highest year-on-year in Ondo, Kogi, and Rivers states, according to the National Bureau of Statistics.
This is as inflation in the country rose to 22.41 per cent in May, the NBS disclosed. In the ‘Consumer Price Index’ for May 2023…
The stock market is losing momentum due to profit taking
June 16, 2023
Nigeria’s stock market lost momentum for the first time since the suspension of former Governor of the Central Bank of Nigeria, Godwin Emefiele, as investors chose to take profit following the recent two-day rally.
Access Corporation saw much of its shares sold as the share value dropped N1.45 or 9.24 per cent, from N15.70 to N14.25.
Cornerstone Insurance topped the laggards list, as its share…
LCCI restates commitment to private sector advocacy
June 16, 2023
The Lagos Chamber of Commerce and Industry has said that it will not relent on its mandate to advocate for the interest of Nigeria’s Organised Private Sector.
The President of the chamber, Michael Olawale-Cole, stated this on Wednesday during a flag-off of activities to…
FG eyes N124bn from new import tax
June 14, 2023
The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent import tax on goods introduced in Finance Bill 2023.
The Finance Bill 2023 which was signed into law on 28 May 2023 by former President, Mohammadu Buhari imposed a 0.5 per…
Vice President Kashim Shettima has assured other African countries that Nigeria would actively participate and provide leadership in the African Continental Free Trade Area.
The Vice President gave this assurance at a stakeholders’ engagement meeting held by the African Continental Free Trade Area on Monday.
Shettima disclosed that Nigeria’s participation would enable it to harness the vast…